The 1943 Australian Shilling featured King George VI on the obverse with the inscription "GEORGIVS VI D : G : BR : OMN : REX : F : D : IND : IMP" around the edge, designed by Thomas H Paget. The expression is abbreviated Latin meaning - "George VI by the Grace of God, King of the British territories, Defender of the Faith, Emperor of India". The reverse features a Merino sheeps head with the words "Australia" across the top edge and "* SHILLING . 1943 *" around the bottom edge, designed by George Kruger Gray. From 1911 to 1945, the Shilling's composition was 92.5% silver and 7.5% copper. They had a milled edge, weighed 5.65 grams and were 23.5 mm in diameter. There were 1.58 million minted in Melbourne and 16 million minted in San Francsico.
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No, they are not rare. Perhaps in 50 or 100 years.
An Australian 1943 sterling silver Shilling (KG VI)(minted in Melbourne - no mintmark), uncirculated and in absolute mint condition could fetch up to $265 AUD. If it has been circulated but still in good condition, it might fetch anything from $5 to $80 AUD.
There were 1.58 million minted.
An Australian 1943 sterling silver Shilling (KG VI)(minted in San Francisco - S), uncirculated and in absolute mint condition could fetch up to $45 AUD. If it has been circulated but still in good condition, it might fetch anything from $4.50 to $14 AUD.
There were 16 million minted.
A reputable coin dealer will be able to give a more accurate valuation.